Equity-Earningz

Gail : RISK/REWARD 8:1

Short
Equity-Earningz Updated   
NSE:GAIL   GAIL INDIA LTD
Gail is trading at a resistance of an upper trendline in a falling price channel .
Today Gail did break the falling trendline and now giving up gains, creating a long wick.
Gail is in a bear market of its own. Gail already corrected over 45% from a high of 200 to a low of 110 in the past 18 months.
The trend being downward, it's wise to sell on rallies.

Short 125.50
Stop 128.50 ( Today's High)
Target 100

RISK/REWARD 8:1
Trade closed: stop reached:
Gail Stop-loss Hit.


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